NCR Voyix (NYSE:VYX) Shares Gap Up – Here’s What Happened

Shares of NCR Voyix Co. (NYSE:VYX) gapped up prior to trading on Thursday . The stock had previously closed at $11.71, but opened at $12.50. NCR Voyix shares last traded at $12.29, with a volume of 458,172 shares trading hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC dropped their price objective on shares of NCR Voyix from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.71.

NCR Voyix Price Performance

The stock’s fifty day moving average is $12.90 and its 200-day moving average is $13.33. The stock has a market capitalization of $1.64 billion, a PE ratio of 2.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.20 and a quick ratio of 1.06.

Institutional Trading of NCR Voyix

A number of hedge funds have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC lifted its holdings in NCR Voyix by 10.1% during the fourth quarter. Shapiro Capital Management LLC now owns 10,410,704 shares of the company’s stock valued at $144,084,000 after purchasing an additional 956,177 shares in the last quarter. Engaged Capital LLC lifted its holdings in NCR Voyix by 14.1% during the third quarter. Engaged Capital LLC now owns 7,171,029 shares of the company’s stock valued at $97,311,000 after purchasing an additional 885,000 shares in the last quarter. Greenhouse Funds LLLP lifted its holdings in NCR Voyix by 10.4% during the fourth quarter. Greenhouse Funds LLLP now owns 8,332,854 shares of the company’s stock valued at $115,327,000 after purchasing an additional 787,032 shares in the last quarter. Philosophy Capital Management LLC lifted its holdings in NCR Voyix by 28.6% during the third quarter. Philosophy Capital Management LLC now owns 3,094,733 shares of the company’s stock valued at $41,996,000 after purchasing an additional 688,684 shares in the last quarter. Finally, Boston Partners lifted its holdings in NCR Voyix by 966.8% during the fourth quarter. Boston Partners now owns 732,480 shares of the company’s stock valued at $10,131,000 after purchasing an additional 663,821 shares in the last quarter. 97.00% of the stock is owned by hedge funds and other institutional investors.

NCR Voyix Company Profile

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution’s consumer and business customers.